Securities Lending, Repos & Collateral Management

By: Euromoney Financial Training

This Euromoney Training course focuses on the international securities borrowing and lending and repurchase agreements (repo) markets. Its practical approach will provide you with an insight into how financial institutions lend and borrow securities, utilize repos as well as the collateral management processes that are required to support these activities. You will be given a thorough and clear understanding of how these markets operate, the risks involved, the economics of securities financing transactions and the administration and IT infrastructures required to support and control them. You will gain working knowledge of the life cycles of securities lending and repo transactions.

The course will also explain the growth and vital importance of securities lending and repos in the international financial markets. It will explore how these activities can improve market liquidity and be a benefit to the profitability of all parties involved.
The teaching methodology used on this course combines formal theoretical instruction with frequent use of exercises and case studies. These are based on real situations experienced by the course director in his over thirty year involvement in this business. The course is intended to be practical and interactive, with delegates encouraged to ask questions throughout. The course content is intended to give delegates an understanding that will be of immediate practical use in the workplace. The lecturer will be available throughout the duration of the course to offer additional help if required. Delegates will be divided into two small teams to work together on the exercises that will include some simple calculations for which a calculator will be required.

Attend this intensive and highly practical 3 day course and learn:

The drivers and mechanisms of the international securities lending and repo markets

Who the lenders are, the intermediaries and borrowers and how they operate

The economics and benefits of lending

The trading strategies and pricing mechanisms

The life cycles of lending and repo transactions

The differences between securities lending and repos and the documentation that governs them

How dividends and other corporate events are impacted by lending and repos

How to identify potential risks and understand the control measures to prevent them

The collateral management processes including bilateral and Triparty arrangements

The mark to market (MTM) process and the mechanisms for managing collateral

The collateral and counterparty risks

Who should Attend

This course has been designed for anyone who wishes or needs to know about securities lending, the repo markets and collateral management including:

Venue:

Attendance Fee:

Facilitators:

Experienced trainer with over 30 years expertise in Financial Markets, he has held previous positions as Head of International Operations at tier one firms including Morgan Stanley, Merrill Lynch and Prudential Securities. He was also COO at Cresvale, an equity derivatives trading firm and a Founder Partner at MC Securities.